Obama’s Top Economic Adviser Jumps the Sinking Ship

In the clearest sign that the administration’s economic policies have failed, the White House announced Monday night that Austan Goolsbee, Obama’s economic recovery guru, is leaving the administration for a teaching job the University of Chicago says the LATimes.

“Goolsbee, one of the White House’s primary spokesmen on the economy, will return to his position as an economics professor at the University of Chicago’s Booth School of Business, the White House said in an announcement Monday night,” writes the Times.

“In a prepared statement, Obama said: ‘Since I first ran for the U.S. Senate, Austan has been a close friend and one of my most trusted advisors. Over the past several years, he has helped steer our country out of the worst economic crisis since the Great Depression, and although there is still much work ahead, his insights and counsel have helped lead us toward an economy that is growing and creating millions of jobs.”’